Money market funds are one of the most lucrative investment you can even put your money into. Despite the fact that these type of investment promises a low return, they are the safest type of investment options. Money markets funds have been in the economy since 1971. Ideally, when starting out Reserve Funds it was targeting to provide safer and better alternatives for money deposits instead of the traditional banking systems. The reserve funds investment was well received leading to more competing products.
With the increase of the increased number of money market funds in the market and for purposes of quality control, the government saw it best to regulate the market. In the US, the Money Market Funds is regulated by the Securities and Exchange Commission (SEC). The SEC is tasked with the responsibilities of ensuring that all money market funds products are of quality, diverse and are mature for investment thus building confidence levels in the investor.
As stated on Wikipedia, money markets Funds supports investors all kind. However, the low returns and affordable investments plans make them quite convenient for the small-scale investors. One group that is particularly discouraged from participating in these investments is employees under pension plans. Since money market funds investments guarantee investment returns, they are merger and will not make a big impact in the future.
About Bruce Bent II
Bruce II is one of the notable and sort-after people when it comes to the financial industry. He has in-depth knowledge and skills with money market fund investments retirement portfolios and financial techniques. The diverse nature of the market today makes it very hard to fully profit from this industry if you do not have the right guidance. Bruce Bent II is famously known for his President and Vice Chairman post in Double Rock Corporation, one of the leading financial technology firm in the economy.
Despite being a Philosophy graduate from Northeastern University, Bent II has a good understanding of the financial market. The basis of his career stems from offering cash management advice to a number of players in the industry including banks, brokers, and retail markers. His expertise also spread to the area such as property intellectual and retirement schemes in which Double Rock subsidiaries serve too.
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